- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Error in VA Form 502- treating loss as gain
My LLC Co has a large loss which passes through to Partners on Federal return. When TT transfers the K1 amounts from the Federal Return/ K1 to the VA state return, it treats it as a gain. So, despite losing money, it says we have 200k in income and owe VA a huge amount of money.
Should I just override the info on my state return?
Topics:
‎February 18, 2023
10:39 AM